UK commercial vehicle (CV) manufacturing output was up 12.6% in December, the first month of growth since July 2013.

Output fell 19.7% in 2014, but the month of growth heralds a bright future, according to the SMMT.

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Growing demand at home helped to drive December growth, despite “deflated” export markets, it said. 

“The growth of commercial vehicle manufacturing output in December represents a turning point in the sector’s fortunes,” said Mike Hawes, SMMT chief executive.

“A ramping up of new model production, as well as a thriving home market, is expected to yield a stronger 2015, while the effects of restructuring in 2013 will no longer be felt.”

CV manufacturing Dec-13 Dec-14 % Change YTD-13 YTD-14 % Change
Total 5,163 5,815 12.6% 88,110 70,731 -19.7%
Home 1,041 2,891 177.7% 40,200 35,909 -10.7%
Export 4,122 2,924 -29.1% 47,910 34,822 -27.3%
% export 79.8% 50.3%   54.4% 49.2%  

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